Binance expands reserve snapshot to 44 tokens; full proof still pending
Binance announced on November 4 that the latest reserve snapshot covers 44 tokens, up from 10. Generating the full zero-knowledge proof is expected to take 50 to 60 hours.
The platform said it has replenished about 98% of the affected assets. The remaining 2%, due to lower liquidity, is still being acquired through market and over-the-counter channels.
Once the proof is generated, holders of newly covered tokens will be able to independently verify whether their balances are backed at least 1:1. Expanding the snapshot does not mean verification is already available.
Watch for the full proof to go live and check the actual scope of the verification tool.
Confirmed: Based on Binance’s official announcement. The replenishment percentage was disclosed by the platform; the proof generation time is an estimate.
Binance announced on November 4 that the latest reserve snapshot covers 44 tokens, up from 10. Generating the full zero-knowledge proof is expected to take 50 to 60 hours.
The platform said it has replenished about 98% of the affected assets. The remaining 2%, due to lower liquidity, is still being acquired through market and over-the-counter channels.
Once the proof is generated, holders of newly covered tokens will be able to independently verify whether their balances are backed at least 1:1. Expanding the snapshot does not mean verification is already available.
Watch for the full proof to go live and check the actual scope of the verification tool.
Confirmed: Based on Binance’s official announcement. The replenishment percentage was disclosed by the platform; the proof generation time is an estimate.
